Aave (AAVE) may face selling pressure as whales and market makers are moving tokens back to centralized exchanges. Several large transactions moved AAVE to OKX, Binance and MEXC, potentially stalling the asset’s rally. 

Aave (AAVE) may stop its growth after several large whales sent tokens to Binance. The lending protocol expanded in 2024, as it became the main source of yield. Three whales moved AAVE to centralized exchanges, with potential price pressures on the token. 

One of the transactions belonged to market maker Cumberland, which moved 10K AAVE to OKX. Galaxy Digital and a smaller holder also unstaked their AAVE and moved the tokens to Binance.